big move: Google’s latest M&A

 

The chatbot redemption. Facebook's personal finance patent. Value-based healthcare. VIEW IN BROWSER

October 31, 2019

Everything is awesome

Hola,   Happy Halloween! I am a bit busy preparing for the evening, so let's get straight to the Halloween-related data and the research — including a sweet market map. Guess who I am dressing up as. Hint: his name rhymes with Reddit.

BTW, I’ve heard it said that Halloween is not the real thing when celebrated outside of the US and Canada, and that only these two countries know how to do it right (Day of the Dead in Mexico is a bit different). I would love to hear any stories of global Halloween and trick-or-treating to poke holes in this.

THE RESEARCH

No country for old chatbots The promised chatbot-for-everything revolution never quite panned out.   But now industries from healthcare to fintech are reviving the tech to boost efficiency and customer experience. We take a deep dive into how they're doing it here.

Mo' money, mo' problems A recently approved patent shows that Facebook wants to help manage your daily splurging — by comparing your spending behavior to your peers’ habits.  We take a look at Facebook’s potential move into personal finance here.

CLIENT-EXCLUSIVE RESEARCH

The value of $$$  Value-based care pays health providers based on overall patient well-being rather than the quantity of services provided.  From data organization to mental health, Expert Intelligence clients can see 150+ startups driving the value-based care trend.

EXPERT INTELLIGENCE

Have a great rest of the week. Marcelo @ballve P.S. We're hiring a product marketing manager. Read about the role here.

THIS WEEK IN DATA

-60%: Alphabet parent Google has offered to buy FitBit. The fitness tracker maker went public in 2015 at a $4.1B valuation, but has since seen its market cap reduced to about $1.5B — a decline of over 60%. Even at the reduced valuation, the potential purchase would still be a top 10 acquisition for Google. Take a look at Google’s biggest takeovers in our infographic.

+3: The unicorn club added 3 members this week. Rental management startup Vacasa, wholesale marketplace platform Faire, and mobile game developer Scopely all reached $1B+ valuations after their latest funding rounds. Faire was featured in our 2019 Future Unicorn list — made in collaboration with the New York Times. See the other predictions here.   40 lbs a day: Missouri man Richard Bottorf produced two enormous pumpkins at the Republic Pumpkin Daze, breaking his own record twice in one day. The jumbo gourds weighed in at 1,677 lbs and 1,798 lbs. For reference, the average cow weighs ~1,600 pounds. Bottorf has broken the Missouri state pumpkin record 6 times since 2005, and reports that in peak growing season, a record-breaking pumpkin can gain up to 40 lbs in a day.   4M drivers: Uber launched a new division for financial services called Uber Money. Products will include a bank account for its approximately 4M drivers that promises immediate access to earnings from rides and a relaunch of its consumer-facing credit card. We dig into how Uber makes — and loses — money here.

10 minutes: Researchers from Penn State have developed a technique to charge an EV battery in just 10 minutes. The device speeds up its charging process by raising its temperature to 140 degrees Fahrenheit, but cools itself down for actual use. See how cos are looking to overcome the challenges to EV adoption in our report on the race for the electric car.   $700M: Boutique fitness studio Barry’s Bootcamp, which offers $30+ HIIT classes, is reportedly considering a potential sale that would value the company at $700M. We wrote about Barry’s in our Expert Intelligence brief on 4 trends reshaping the fitness industry.    $8.8B: The more than 170M Americans celebrating Halloween today are expected to spend $8.8B on the holiday (a little shy of the 2017 record of $9.1B). Some 90% of Americans will buy candy, spending a total of $2.6B, while nearly 75% will spend money on spooky decor. See the treats threatening disruption in our candy market map.

$14.5B: Luxury group LVMH, the owner of Louis Vuitton, has made an offer to buy jewelry vendor Tiffany for $14.5B. See the emerging trends transforming the luxury world in our 2019 Luxury Trends NExTT report.    40M Ibs: The amount of uneaten bacon in the US is the highest it’s been in almost 50 years, according to US government data. Warehouses around the US are holding more than 40M pounds of pork bellies after a reported surge in production over the summer. More consumers are drifting to alternative-protein sources; find out more about the transformative trend in our Meatless Future report.    110,000 years: A recent genetic study suggested that all modern humans can trace their heritage back to what is now a desert area of northern Botswana that was once a vibrant wetland. The researchers, who used DNA analysis and climate models for the study, said that groups of early Homo sapiens left the area in distinct waves 130,000 years ago and 110,000 years ago.    45%: According to a recent YouGov survey, 45% of Americans believe in ghosts, with 20% saying that they “definitely exist.” Want more spooky data? Read about the most common reasons startups meet their end in our report on the top 20 reasons startups fail.

One More Thing

Source: Giphy

Extreme haunted house McKamey Manor will pay $20K to any guest who completes it — and that hasn’t happened yet.  Guests have to sign a 40-page waiver, undergo a Facebook screening, and complete a physical before entering the house. The tours last 8-10 hours, and some of the risks listed in the waiver include having to pull out your own teeth, having your fingernails ripped off, getting a tattoo, and eating unknown substances. Oh, and you have to go alone. Fun times.

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